EG LNG celebrates loading of its 700th cargo

EG LNG, the LNG liquefaction and export terminal located on Equatorial Guinea’s Bioko Island, has celebrated the loading of its 700th LNG cargo

The terminal has been successfully operating for thirteen years, and remains one of sub-Saharan Africa’s landmark energy project, according to a statement from the African Energy Chamber.

Operated by Marathon Oil Corporation with shareholders Marubeni, Mitsui & Co and state-owned Sociedad Nacional de Gas (SONAGAS), EG LNG has been a major contributor to the socio-economic development of Equatorial Guinea.

The plant allowed for the monetisation of the Alba gas field and delivered its first cargo on 24 May 2007. The plant was inaugurated by President Teodoro Obiang Nguema Mbasogo in October 2007, and has been delivering LNG to global markets ever since, including South America, Europe and Asia.

The plant is at the centre of the Punta Europa complex, currently undergoing expansion and diversification to further monetise domestic gas.

Gabriel Mbaga Obiang Lima, minister of mines and hydrocarbons, said, “Through projects such as EG LNG, the country has positioned itself as an African energy leader and will continue to provide the right environment for companies to invest in such assets and lead Africa towards greater prosperity.”